UPDATED:
02/16/2025 06:01 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $309
MLS Listing ID PAPH2436302
Style Colonial
Abv Grd Liv Area 1,936
Originating Board BRIGHT
Year Built 2003
Annual Tax Amount $3,764
Tax Year 2025
Lot Size 3,958 Sqft
Acres 0.09
Lot Dimensions 42.00 x 95.00
Property Sub-Type Detached
Property Description
This prime RM1-zoned corner property, spanning a rare 0.09-acre lot (42 ft x 94 ft), comes with zoning approval and plans for a 4-story building featuring approximately 4,000 sq. ft. per floor, 36 suites, and 2-car garage parking. With potential annual rental income exceeding $250,000+ and a post-completion value estimated at over $2.5M based on surrounding comps, this is a standout investment opportunity. Suites are projected to rent for $650–$750 per month, making this property ideal for student housing or traditional rentals in one of Philadelphia's fastest-growing areas. Surrounded by exciting new developments, this property offers a rare chance to capitalize on the booming Temple University market. Zoning permits and building plans are ready, and while the property is currently tenant-occupied, the tenant will be vacated before settlement. Don't miss this lucrative opportunity!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Garage - Side Entry
Garage Spaces 2.0
Water Access N
Accessibility None
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 471127510
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA, FHA 203(k), Conventional
Listing Terms Cash, FHA, FHA 203(k), Conventional
Financing Cash,FHA,FHA 203(k),Conventional
Special Listing Condition Standard
Virtual Tour https://media.showingtimeplus.com/videos/0194a9e8-816f-73a8-b9da-94bcd58f40b9
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